A promising second half of the year predicted for rural property sales.
Updated: Aug 6, 2021
In 2015 post the widespread floods, there was strong interest in grass acquisitions, which resulted in peaking property transactions in the Longreach, Winton, Richmond and Hughenden shires.
Although seasonal conditions aren’t comparable to that period now, low interest rates, and high cattle prices coupled with demand for grass, asset values seem to be increasing again moving into the back end of 2021.
Due to the lack of available property stock, this year will see a strong seller’s market and create a chance for sellers to take advantage of buyer demand.
After delayed rain in the earlier months of this year, property transactions started later than usual.
Valuer Roger Hill from Herron Todd White, advised that there will be a higher volume of transactional activity for the last half of this year, which will influence landholders to seek valuation of their assets.
Property prices in the first half of the year have followed suit to that of the cattle market.
With record cattle sale prices being reported weekly, many livestock agents believe while landowners continue re-stocking, the cattle market will follow its current trendline.
With current low stock of properties for sale, coming into the back end of the year seems favourable for both buyers and sellers.
Due to low interest rates, buyers are ready to purchase but are waiting for properties to be taken to market.
If you are interested in talking more about your property or the current market, please contact Wally Cooper on 0427 781 054.